What's in a name: Fifth Pacific becomes Kate Spade. Fifth Pacific (FNP) has officially changed its name to Kate Spade after asset sales and closures left the retailer with just one major brand. The new name will come with a new CEO: William McComb will step down to be replaced by Craig Leavitt, the head of Kate Spade. employment growth seen slowing slightly. employment data for December is due out this morning, with economists estimating that the number of nonfarm payrolls increased by 196,000, slightly short of the rise of 203,000 in November. The jobless rate is expected to have held steady at 7%. As ever, the data will be analyzed to death to see what it means for Fed policy.
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Earlier cryptography relied on substituting symbol sets, and the alternation of substituted symbol sets. The Caeser Cipher is a classic substitution cipher, though not nearly as tough as a random substitution to crack. Substitution is extremely vulnerable to a known plain text attack, letter frequency analysis is another attack method.
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